Question 1

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Accepted Answer

A) Frequent conflicts between managers. 
B) Inadequate resources. 
C) Confused employees regarding which projects are more important. 
D) Not enough projects within the portfolio to make a profit. 
E) People are working on multiple projects and feel inefficient.

Question 2

One who endorses and lends political support for the completion of a specific project is known as the

Accepted Answer

A) Project manager. 
B) CEO. 
C) Project sponsor. 
D) Project lead. 
E) Sacred cow.

Question 3

How strategies will be realized, given available resources, is answered through __________.

Accepted Answer

The answer of How strategies will be realized, given available...

Question 4

Project managers should not engage in organizational politics.

Accepted Answer

A) True 
 B)False

Question 5

Why is it important that organizations develop a process to align selected projects with strategic goals?

Accepted Answer

The answer of Why is it important that organizations develop...

Question 6

When a prioritization team is balancing projects, they consider all factors except for

Accepted Answer

A) risk. 
B) resource demand. 
C) leadership style. 
D) type of project.

Question 7

The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

Accepted Answer

The answer of The process of assessing "what we are"...

Question 8

An operational project is one that

Accepted Answer

A) must be completed. 
B) supports an organizations' long-run mission. 
C) can improve organizational performance. 
D) is completed to meet regulatory compliance.

Question 9

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

Accepted Answer

A) how the project will balance risk within the project portfolio. 
B) the project's fit to the organization strategy. 
C) compliance. 
D) nonfinancial. 
E) profit.

Question 10

Which of the following questions does the organization's mission statement answer?

Accepted Answer

A) What are our long-term strategies? 
B) What are our long-term goals and objectives? 
C) How do we operate in the existing environment? 
D) What do we want to become? 
E) All of these are answered by the mission statement.

Question 11

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task.Susie is experiencing

Accepted Answer

A) Poor scheduling. 
B) Excess work burden. 
C) Flexible tasking. 
D) Multitasking. 
E) Burnout.

Question 12

Project selection criteria are typically classified as

Accepted Answer

A) Financial and nonfinancial. 
B) Short-term and long-term. 
C) Strategic and tactical. 
D) Required and optional. 
E) Cost and schedule.

Question 13

In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external __________.

Accepted Answer

The answer of In a SWOT analysis, strong competition, reduced...

Question 14

Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

Accepted Answer

A) True 
 B)False

Question 15

Multiweighted scoring models include only quantitative criteria, not qualitative.

Accepted Answer

A) True 
 B)False

Question 16

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Accepted Answer

A) Deciding how organizational resources are allocated among the different types of projects. 
B) Publishing the priority of every project and ensuring the process is open and free of power politics. 
C) Evaluating the progress of the projects in the portfolio. 
D) Constant scanning of the external environment to determine if organizational selection criteria need to be changed. 
E) Communicating which projects are approved.

Question 17

Which of the following is the correct order for the strategic management process?

Accepted Answer

A) Strategies, mission, objectives, projects 
B) Objectives, projects, mission, strategies 
C) Mission, strategies, objectives, projects 
D) Objectives, mission, strategies, projects 
E) Projects, mission, strategies, objectives

Exam 2: Organization Strategy and Project Selection

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

One who endorses and lends political support for the completion of a specific project is known as the

How strategies will be realized, given available resources, is answered through __________.

Project managers should not engage in organizational politics.

Why is it important that organizations develop a process to align selected projects with strategic goals?

When a prioritization team is balancing projects, they consider all factors except for

The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

An operational project is one that

Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is

Which of the following questions does the organization's mission statement answer?

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task.Susie is experiencing

Project selection criteria are typically classified as

In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external __________.

Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

Multiweighted scoring models include only quantitative criteria, not qualitative.

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Which of the following is the correct order for the strategic management process?